Jo and David Garst Education Fund

Private foundation · Grantmaker Coon Rapids, IA EIN: 42-1299941

Jo and David Garst Education Fund is a private foundation, based in Coon Rapids, IA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $62K in total assets. In 2024, it awarded 8 grants totaling $4K. Net investment income was $1K.

Jo and David Garst Education Fund at a glance

In short: Jo and David Garst Education Fund gave $4K across 8 grants in 2024 (avg $500), mostly in Iowa. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$4,000
+0.0% vs 2023
Grants made (2024)
8
+0.0% vs 2023
Average grant
$500
+0.0% vs 2023
Median grant
$500
Total assets
$61,710
-5.0% vs 2023
Primary geography
Iowa (100% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated October 2026.

Who Jo and David Garst Education Fund funds

How this funder distributes its grants

Grant Size Distribution

33 grants across all recorded years

33<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 33 grants of 33 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 8 itemized grants.

States

Cities

BayardCoon RapidsDedham

How Jo and David Garst Education Fund gives

  • Giving held roughly steady from 2021 to 2024 (−11%). Method
  • In 2024 it paid out 142% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$2K$4K$6K9 grants2021 8 grants2022 8 grants2023 8 grants2024

From 2021 to 2024, annual grant giving ranged from $4K (2022) to $5K (2021). In 2024 it made 8 grants totaling $4K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
8 individual scholarships Recipients not named —$4,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$61,710$1,699$4,971$4,0008$4,500$1,237$3,179
2023$64,982$628$4,462$4,0008$4,450$628$3,358
2022$68,816$895$4,414$4,0008$4,400$895$3,534
2021$72,335$10,991$4,869$4,5009—$975$3,503

Under IRS private-foundation payout rules, Jo and David Garst Education Fund reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Jo and David Garst Education Fund is led by Justin Roetman, President & Director on every filing since 2021; none of the 7 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Justin Roetman

    President & Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Michael Dentlinger

    President & Director

    New on the 2024 filing

    1 hr/week

    No compensation reported

  • Dan Pomeroy

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Gayla McCool

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Katie Mason

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Terri Hofbauer

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Timothy O Lee

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Jo and David Garst Education Fund

How much does Jo and David Garst Education Fund give each year?

Jo and David Garst Education Fund gave $4K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4K across 8 grants.

What is Jo and David Garst Education Fund's typical grant size?

Jo and David Garst Education Fund's median grant in 2024 was $500, and its average grant was $500, across 8 grants on its 2024 IRS Form 990-PF.

Where does Jo and David Garst Education Fund give grants?

Jo and David Garst Education Fund gives mostly in Iowa: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.

Does Jo and David Garst Education Fund give general operating support?

Not in 2024: none of the 8 grants with a stated purpose on Jo and David Garst Education Fund's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (8 grants).

How large is Jo and David Garst Education Fund?

Jo and David Garst Education Fund reported $62K in total assets on its 2024 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).

What is Jo and David Garst Education Fund's EIN?

Jo and David Garst Education Fund's EIN (Employer Identification Number) is 42-1299941. IRS Form 990 filing data is available on this page for 2021–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

Data update history

(5)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 2, 2021)
  2. Updated Form 990-PF for fiscal year 2022 (received by the IRS September 13, 2022)
  3. Updated Form 990-PF for fiscal year 2023 (received by the IRS October 6, 2023)
  4. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 11, 2024)
  5. IRS filings on file for fiscal years 2021–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Jo and David Garst Education Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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